Safilo Group SpA (IT:SFL)
:SFL
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Safilo Group SpA
(SFL)
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Rating:62Neutral
Price Target:
€2.00
▲(12.36% Upside)
Action:DowngradedDate:03/14/26
The score is led by improved financial performance (profit rebound, stronger free cash flow, and reduced leverage) and a very low P/E valuation, but is held back by weak technical momentum (below key moving averages with negative MACD) and the ongoing multi-year revenue decline.
Positive Factors
Brand licensing and diversified channels
Safilo's mix of owned brands and high-profile licenses gives durable access to premium customer segments and retail partners. Long-term licensing agreements with fashion houses support product relevance, pricing power in luxury channels, and multi-channel distribution resilience across wholesale and e-commerce.
Negative Factors
Multi-year revenue decline
Sustained revenue contraction erodes scale economics and calls into question the durability of recent margin gains. If volume recovery lags, margin improvements may prove driven by one-off cost measures rather than structural demand, limiting sustainable earnings growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand licensing and diversified channels
Safilo's mix of owned brands and high-profile licenses gives durable access to premium customer segments and retail partners. Long-term licensing agreements with fashion houses support product relevance, pricing power in luxury channels, and multi-channel distribution resilience across wholesale and e-commerce.
Read all positive factors
Safilo Group SpA (SFL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€746.23M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)16.5
Beta (1Y)1.20
Revenue Growth-0.76%
EPS Growth2341.30%
CountryIT
Employees3,352
SectorGeneral
Sector StrengthN/A
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.02
Shares Outstanding415,726,900
10 Day Avg. Volume1,829,853
30 Day Avg. Volume1,402,367
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.06
Price to Sales (P/S)0.82
P/FCF Ratio9.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.99Price Target Upside11.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)€987.89M
Safilo Group SpA Business Overview & Revenue Model
Company Description
Safilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market in North America, Europe, the Asia Pacific, and internationally. Its brand portfolio comprises a set of own branded produc...
How the Company Makes Money
Safilo Group generates revenue primarily through the sale of eyewear products, which include sunglasses, prescription glasses, and sports eyewear. The company operates a dual revenue model: it sells products under its own brands, such as Safilo an...
Safilo Group SpA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 983.38M | 993.22M | 1.02B | 1.08B | 969.58M |
| Gross Profit | 599.29M | 561.73M | 601.74M | 597.45M | 445.64M |
| EBITDA | 64.19M | 90.49M | 56.35M | 129.10M | 109.37M |
| Net Income | 49.07M | 22.30M | -24.65M | 54.16M | 21.27M |
Balance Sheet | |||||
| Total Assets | 758.95M | 842.34M | 855.46M | 960.27M | 937.77M |
| Cash, Cash Equivalents and Short-Term Investments | 52.15M | 47.42M | 74.90M | 77.71M | 99.00M |
| Total Debt | 98.27M | 140.54M | 157.60M | 191.11M | 192.96M |
| Total Liabilities | 355.90M | 414.88M | 459.68M | 521.35M | 571.68M |
| Stockholders Equity | 392.45M | 413.07M | 379.20M | 409.92M | 326.74M |
Cash Flow | |||||
| Free Cash Flow | 81.28M | 64.65M | 34.50M | -6.71M | -2.66M |
| Operating Cash Flow | 89.68M | 76.22M | 47.71M | 9.16M | 17.30M |
| Investing Cash Flow | -23.56M | -48.87M | -8.65M | -15.67M | -9.76M |
| Financing Cash Flow | -58.58M | -54.83M | -40.47M | -16.81M | 2.07M |
Safilo Group SpA Technical Analysis
Neutral
1.78
Price Trends
1.86
Negative
1.88
Negative
1.65
Positive
Market Momentum
-0.03
Negative
54.04
Neutral
70.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SFL, the sentiment is Neutral. The current price of 1.78 is above the 20-day moving average (MA) of 1.69, below the 50-day MA of 1.86, and above the 200-day MA of 1.65, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 54.04 is Neutral, neither overbought nor oversold. The STOCH value of 70.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:SFL.
Safilo Group SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €14.65B | 24.08 | 18.89% | 2.32% | 0.87% | -5.61% | |
74 Outperform | €1.21B | 13.63 | 5.35% | 2.30% | 6.43% | -3.71% | |
62 Neutral | €746.23M | 16.50 | 11.48% | ― | -0.76% | 2341.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €1.24B | -7.18 | -21.64% | 1.24% | -8.65% | -1512.63% |
* General Sector Average
IT:SFL
Safilo Group SpA
1.80
1.10
159.02%
IT:BAN
BasicNet SPA
7.17
-0.47
-6.10%
IT:MONC
Moncler S.p.A.
54.12
2.61
5.06%
IT:OVS
OVS S.p.A.
4.74
1.86
64.70%
IT:PQ
Piquadro SpA
2.64
0.83
46.10%
IT:SFER
Salvatore Ferragamo S.p.A.
7.51
2.21
41.70%
Safilo Group SpA Corporate Events
Safilo Lifts Margins, Cuts Debt and Expands Brand Portfolio in 2025
Mar 12, 2026
Safilo Group reported 2025 net sales of €983.4 million, up 1.8% at constant exchange rates and 2.6% organically, with growth in Europe and North America driven by core brands Carrera, Smith and David Beckham as well as major licenses. Profit...
Safilo Lifts Inspecs Stake to 29.99%, Deepening Strategic Position in Eyewear
Feb 20, 2026
Safilo Group S.p.A., the Italian-listed eyewear manufacturer and distributor, has expanded its strategic footprint in the optical sector by raising its stake in Inspecs Group plc. The move underscores Safilo’s efforts to reinforce its positi...
Safilo publishes updated Articles of Association, reinforcing governance transparency
Feb 19, 2026
Safilo Group S.p.A., the Italian-headquartered global eyewear player, has built a vertically integrated model covering design, production and worldwide distribution of sunglasses, optical frames and sports eyewear, supported by advanced digital pl...
Safilo Completes €18 Million Share Buyback, Lifts Treasury Stake to 5.6%
Dec 22, 2025
Safilo Group S.p.A. has completed its share buyback programme, originally announced in June 2025 and carried out under a mandate from the shareholders’ meeting, after fully using the €18 million in cash allocated to the initiative. Ove...
Safilo Group Updates Share Capital Composition to Support Growth
Dec 17, 2025
Safilo Group S.p.A. has updated its share capital composition following the issuance of 35,308 new ordinary shares to support the company’s stock option plan. Despite the additional shares, the overall share capital remains unchanged. This m...
Safilo Group Updates on Share Buyback Progress
Dec 16, 2025
Safilo Group S.p.A. has updated its shareholders on the progress of its share buyback program, which was initiated in June 2025. Between December 8 and December 12, 2025, the company purchased 171,000 ordinary shares on the Euronext Milan market, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.